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23 Sep 2024 11:27
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  •   Home > News > Business

    Report into company selling space camp trips to NASA reveals around $19 million debt

    A report into the company selling space camp trips to Nasa has revealed around 19-million-dollars debt, and a director who transferred assets out of his hands shortly before the collapse


    The report into Actura Australia, parent company of Actura New Zealand, shows the background to a business failure that left around 400 New Zealand families up to 13-thousand-dollars each out of pocket.

    The first liquidation report for the parent company alleges it had been insolvent since 2020.

    It found the company suffered from high spending even through there wasn't enough money to pay debts and operate and poor strategic management.

    © 2024 Newstalk ZB, NZCity

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    BUSINESS BUSINESS
    Report into company selling space camp trips to NASA reveals around $19 million debt More...



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